Lenno Joins Viventor peer-to-peer lending marketplace
Viventor partners with Lenno, a Bulgarian lender that also operates in Poland, Czech Republic and Russia.
Established in 2012 as TNK Capital Management JSC, the company carried out a rebranding and started operating under the brand of Lenno in the second half of 2017. The company has been registered as a financial institution with the Bulgarian National Bank since 2013.
Lenno provides loans secured by real estate to both businesses and private borrowers, with the average Loan-to-Value ratio across the loan book standing at 49%. The majority of loans issued are secured by properties located in the biggest cities of Bulgaria: Sofia, Plovdiv, Varna and Burgas. To date, Lenno has originated approximately EUR 7 million worth of loans, with the ambition to considerably increase its presence in Czech, Polish and Russian markets in the near future.
“We are always striving to be among the pioneers in the industry and it is for this reason that our newly formed partnership with Viventor is vital for our company’s mission. Accessing a new stream of capital will help us focus on expanding our business into new markets and will allow us to focus on developing innovative financing products.”
Aleksandar Tonkov, CEO of Lenno
Lenno loans on Viventor
- 2500-250000 EUR in size
- 6 months-5 years in duration
- 7%-10% projected annual return
- 60 day Buyback guarantee
The company will initially list its loans from Bulgaria. In addition to Buyback and collateral in place, all the loans will be listed in Euros. On top of that, Lenno will maintain 5% skin in the game stake in every single loan.